Spacemarket (TSE:4487) Interest Coverage: 44.42 (As of Dec. 2025) — 53% Below Median

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TSE:4487 Spacemarket Inc TSE:4487
58 GF Score
Price 円224.00
GF Value 円566.14
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Spacemarket Interest Coverage?

Spacemarket TSE:4487 -0.88% 58 Interest Coverage is 44.42 as of Dec. 2025, which is 53% below its 10-year median of 94.26. GuruFocus rates TSE:4487 with a GF Score™ of 58/100 and a GF Value™ of 円566.14 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,302 Real Estate companies, Spacemarket ranks better than 77.8% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Spacemarket's Operating Income for the three months ended in Dec. 2025 was 円125 Mil. Spacemarket's Interest Expense for the three months ended in Dec. 2025 was 円-3 Mil. Spacemarket's interest coverage for the quarter that ended in Dec. 2025 was 44.42. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Spacemarket's Interest Coverage or its related term are showing as below:

TSE:4487' s Interest Coverage Range Over the Past 10 Years
Min: 22.97   Med: 94.26   Max: 181.66
Current: 24.1


TSE:4487's Interest Coverage is ranked better than
77.8% of 1302 companies
in the Real Estate industry
Industry Median: 4.285 vs TSE:4487: 24.10

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Spacemarket  (TSE:4487) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Spacemarket Interest Coverage Related Terms


Spacemarket Interest Coverage Historical Data

* Premium members only.

The historical data trend for Spacemarket's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Spacemarket Interest Coverage Chart

Spacemarket Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 181.66 0.00 94.26 106.37 24.10

Spacemarket Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.97 0.00 15.42 44.42 56.97

TSE:4487 vs CBRE, BEKE, JLL: Interest Coverage Comparison

For the Real Estate Services subindustry, Spacemarket's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spacemarket Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Spacemarket's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Spacemarket's Interest Coverage falls into.


TSE:4487
58GF Score
Spacemarket Inc TSE:4487
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spacemarket Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Spacemarket's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Spacemarket's Interest Expense was 円-10 Mil. Its Operating Income was 円247 Mil. And its Long-Term Debt & Capital Lease Obligation was 円628 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*247.031/-10.249
=24.10

Spacemarket's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the three months ended in Dec. 2025, Spacemarket's Interest Expense was 円-3 Mil. Its Operating Income was 円125 Mil. And its Long-Term Debt & Capital Lease Obligation was 円628 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*124.907/-2.812
=44.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 44.42 mean?
Spacemarket (TSE:4487) has a Interest Coverage of 44.42 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spacemarket and its competitors. This is 53% below median its historical median of 94.26. Over the past decade, Spacemarket's Interest Coverage has ranged from 22.97 to 181.66. According to the industry distribution chart, Spacemarket ranks #289 out of 1302 companies in the Real Estate industry, placing it in the top 22.2%.
Is Spacemarket's Interest Coverage too high?
Spacemarket's current Interest Coverage of 44.42 is 53% below median its 10-year median of 94.26. Over the past 10 years, this metric has ranged from a low of 22.97 to a high of 181.66. The Real Estate industry median Interest Coverage is 4.29. Spacemarket's value of 44.42 is 936.6% above this industry median. Based on the distribution chart, Spacemarket ranks #289 out of 1302 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Spacemarket has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spacemarket's Interest Coverage compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Spacemarket ranks #289 out of 1302 companies for Interest Coverage. This places Spacemarket in the top 22% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 4.29. Spacemarket's value of 44.42 is 936.6% above this benchmark. Historically, Spacemarket's own Interest Coverage has ranged from 22.97 to 181.66 over the past decade. While the company's 10-year median is 94.26 vs. the industry median of 4.29, Spacemarket has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.29, based on 1,302 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spacemarket's current Interest Coverage of 44.42 is 936.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spacemarket and its competitors. For the Real Estate industry, the median Interest Coverage is 4.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spacemarket's current Interest Coverage is 44.42, which is 53% below median its own 10-year median of 94.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spacemarket stock overvalued right now?
Based on GuruFocus' analysis, Spacemarket (TSE:4487) is currently considered Significantly Undervalued. The stock's GF Value™ is 円566.14, compared to a current price of 円224.00 — trading 60.4% below its estimated fair value. The current Interest Coverage is 44.42, which is 53% below median its 10-year median of 94.26 and 936.6% above the Real Estate industry median of 4.29. Spacemarket's overall GF Score™ is 58/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Spacemarket (TSE:4487), the current Interest Coverage is 44.42 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spacemarket (TSE:4487) Overvalued in 2026?

Based on GuruFocus' analysis, Spacemarket stock appears to be undervalued. The current stock price of 円224.00 is trading 60.4% below its estimated GF Value™ of 円566.14. GuruFocus considers Spacemarket to be Significantly Undervalued.

Key valuation signals for TSE:4487:

  • Interest Coverage: 44.42 (53% below median its 10-year median of 94.26)
  • GF Value™: 円566.14 vs. price of 円224.00 (60.4% below fair value)
  • GF Score™: 58/100 with 3 warning signs
  • Industry Position: 936.6% above the Real Estate median (#289 of 1302)

No single metric tells the full story. See the TSE:4487 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spacemarket Business Description

Address 25-14 Jingumae 6-chome, Shibuya-ku, 2F JRE Jingumae Media Square Building, Tokyo, JPN, 150-0001
Spacemarket Inc operates a web platform, Space Market, for lending and borrowing unused space. The company's services enable its customers to rent and borrow idle spaces in Japan and overseas, such as off-season ballparks and wedding halls, among others. The Group has only one segment, the Space Market business.
58GF Score

Get the complete analysis for TSE:4487

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円224.00
Price
円566.14
GF Value